1. Jacob Trust is a company that manages shareholder services for large corporations. Jacob has 2 million shares outstanding and is holding an election for 10 directors. If you own 250,000 shares and Jacob Trust employs a majority voting system, hon many directors can you elect?

2. You are certain that the price of oil will rise so you decide to purchase a call option on Suncor SU, a Canadian oil producer. The options cost $0.05 each and have a strike price of $36. Give the percent retuken on your investment(loss is negative) if you purchase options for 100 shares and the shares have a price of $43 just before expiry.